Robinsons Retail Holdings, Inc.

Afternoon, everyone. Thank you for joining us for the first time of this year. I am Jeevan Dipali, my company's Investor Relations Officer. The speakers for this call are the following. Stanley Call, our President and CEO. My name is Kasima, our CFO. Christine Tuarez, the Managing Director of the Food Center and Food Formats. Johan Arceo, the Group General Manager of the Transfers Center. Celina Chua, the Group General Manager of the Department Store for Saras, Sol Academy and Spatial. Ted Sobono, the Group General Manager of the IYX segment and PECS. And Dondon Gao, the General Manager of Robinsons Appliances. Our Chairman, Rubina Tocamonte, is also the Vice-President. Left on the screen is the agenda for this afternoon's call. We will provide an overview of our financial performance and share key updates across the organization. As a reminder for the Q&A session, please use the Q&A function on your Zoom dashboard to type in your questions. Please limit initially to a maximum of three questions including follow-ups. We'll be back. into the Q&A box for additional questions. You may also use the raise hand function if you would like to ask questions live. With that, I will turn you over to Sandy.

Thank you, Dina. Good afternoon, everyone. Here are the highlights for results for the second quarter of 2025. Consolidated net sales rose from 5.9% to 50.7 billion. Blended safe for sales growth stood at 4.8%. Cross-profit grew by 6.6% to $12.3 billion. Event increased by 7.4% to $2.4 billion. In-core net earnings rose by 3.9% to $1.5 billion. And net income to parent declined by 13.3% to $1.5 billion. For the first half of 2025, consolidated net sales increased by 5.1% to $98.5 billion. Net net sales growth hitting at 3.9%. Gross profit rose by 6.4% to a budget 3.5 billion. EBIT increased by 5.2% to 4.3 billion. Foreign net earnings grew by 4.3% to 2.8 billion. Net income compared decreased by 66.5% to 2.8 billion due to the one-time gain from the PPI, our bank merger last year. Now a deeper look at our P&L. Consolidated net sales increased by 5.9% to $50.7 billion, bringing year-to-date sales to $98.5 billion. Stage 4 sales growth accelerated to 4.8% in the second quarter, given by election-related spending. Subdued inflation and earlier start of school year in June this year compared to July last year. First half, SSG stood at 3.5%. EBIT closed by 7.4%, $2.4 billion in the second quarter. and by 5.2% to $4.3 billion year-to-date, outpacing revenue growth. This was driven by improved category mix and continued vendor support. Net income attributes of both the pair declined by 13.2% to $1.5 billion in the second quarter, primarily due to higher losses from associates and increased interest rates due to the additional debt incurred to finance the buyback of PFI shares in RHI. Year-to-date net income-to-parent decline up to 2.3 billion, reflecting the high base from the substantial gain both in the first quarter of last year from the PPIR bank merger. And core earnings, including one-time items, increased by 3.9% to 1.5 billion in the second quarter and reached 2.8 billion in the first half, up by 4.3%, supported by the growth in EBIT. All segments posted positive growth with drug stores and department stores achieving double-digit gains from the quarter. The four staple businesses accounted for 79% of the total sales and 83% of total EBITDA. Meanwhile, our discretionary formats comprised 21% of total sales and the balance 17% of total EBITDA respectively. For the year-to-date period, ended June, 2025, we opened 18 stores, mostly under the drugstore banners, bringing our total store count to 2,171. This is comprised of 763 food-centered stores, 1,145 drugstores, 51 department stores, 228 DIY stores, and 284 specialty stores. In addition, we have 2,116 franchise PGP stores, and store openings are concentrated in the second half with more additional Additional stores expected to open in the coming months. Passing you over to Tin for the food segment.

Good afternoon.